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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 57 · 40 questions
TalentJR

Business tip (Cost plus a fair markup): Markup (profit on one) = cost × percent ÷ 100. Selling price = cost + markup. Markup percent = (selling price − cost) × 100 ÷ cost. Check the price against what buyers will pay.

NameDateTime takenScore ___ / 40
  1. 1.One jute bag costs ₹60 to make. Riya adds a 10% markup. What is the profit on one (in ₹)?
  2. 2.📉 A price below the cost leads to… (a) free stock (b) a loss (c) a profit (d) break-even
  3. 3.One cupcake costs ₹30 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  4. 4.🏷️ Cost-plus pricing means… (a) cost − a markup (b) guess any price (c) copy a rival (d) cost + a markup
  5. 5.One handmade card costs ₹48 to make and Joseph sells it for ₹60. What is the markup in percent?
  6. 6.One clay diya costs ₹40 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  7. 7.One cup of lemonade costs ₹42 to make and Nisha sells it for ₹84. What is the markup in percent?
  8. 8.One jute bag costs ₹38 to make and Joseph sells it for ₹76. What is the markup in percent?
  9. 9.One friendship band costs ₹48 to make and Riya sells it for ₹60. What is the markup in percent?
  10. 10.One clay diya costs ₹10 to make. Tara adds a 20% markup. What is the profit on one (in ₹)?
  11. 11.One potted plant costs ₹40 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  12. 12.One cup of lemonade costs ₹25 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  13. 13.One bag of popcorn costs ₹50 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  14. 14.One friendship band costs ₹17 to make and Vihaan sells it for ₹34. What is the markup in percent?
  15. 15.One jute bag costs ₹60 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  16. 16.One handmade card costs ₹40 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  17. 17.One friendship band costs ₹35 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  18. 18.🤔 Besides cost, what should a price think about? (a) nothing else (b) your favourite number (c) what buyers will pay (d) the weather only
  19. 19.One potted plant costs ₹40 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  20. 20.One painted pebble costs ₹20 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  21. 21.One fruit cup costs ₹30 to make and Farhan sells it for ₹33. What is the markup in percent?
  22. 22.One jute bag costs ₹28 to make. Arjun adds a 50% markup. What is the profit on one (in ₹)?
  23. 23.One jute bag costs ₹20 to make. Riya adds a 10% markup. What is the profit on one (in ₹)?
  24. 24.One paper bookmark costs ₹60 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  25. 25.One cup of lemonade costs ₹60 to make. Kavya adds a 50% markup. What is the profit on one (in ₹)?
  26. 26.One cupcake costs ₹24 to make and Riya sells it for ₹30. What is the markup in percent?
  27. 27.One handmade card costs ₹35 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?
  28. 28.One cup of lemonade costs ₹14 to make. Aarav adds a 50% markup. What is the profit on one (in ₹)?
  29. 29.One painted pebble costs ₹20 to make and Zoya sells it for ₹22. What is the markup in percent?
  30. 30.One cupcake costs ₹40 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  31. 31.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 5 rupees (c) 50 rupees (d) 20 rupees
  32. 32.One painted pebble costs ₹42 to make. Zoya adds a 50% markup. What is the selling price (in ₹)?
  33. 33.One handmade card costs ₹16 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  34. 34.One bag of popcorn costs ₹31 to make and Rohan sells it for ₹62. What is the markup in percent?
  35. 35.One cup of lemonade costs ₹40 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  36. 36.One bag of popcorn costs ₹26 to make. Zoya adds a 50% markup. What is the selling price (in ₹)?
  37. 37.One cupcake costs ₹30 to make and Farhan sells it for ₹36. What is the markup in percent?
  38. 38.One fruit cup costs ₹50 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?
  39. 39.One friendship band costs ₹14 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  40. 40.One cup of lemonade costs ₹30 to make. Ishaan adds a 10% markup. What is the profit on one (in ₹)?

Answer key

  1. 6
  2. a loss
  3. 33
  4. cost + a markup
  5. 25
  6. 48
  7. 100
  8. 100
  9. 25
  10. 2
  11. 48
  12. 30
  13. 5
  14. 100
  15. 66
  16. 40
  17. 70
  18. what buyers will pay
  19. 44
  20. 4
  21. 10
  22. 14
  23. 2
  24. 66
  25. 30
  26. 25
  27. 7
  28. 7
  29. 10
  30. 4
  31. 10 rupees
  32. 63
  33. 20
  34. 100
  35. 48
  36. 39
  37. 20
  38. 10
  39. 28
  40. 3

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